Updated Dec 4, 2024
Xu Wu & Chee Tao Tsui Acquire Development Site In Los Angeles For $1.55M
658 Lillian Way
$1,550,000
$742/SF
Building Size
2,088 SF
Asset Type
Development Site
Closing
Nov 2, 2023
About this deal
AI
Located at 658 Lillian Way in Los Angeles, this development site has been sold in a recent transaction. The property spans 2,088 square feet and was sold for a total price of $1,550,000, resulting in a price per square foot of $742.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,550,000
- Address: 658 Lillian Way, Los Angeles
- Square Footage: 2,088
- Buyer: Xu Wu & Chee Tao Tsui
- Seller: Ann Gasbarri
- Seller's Representative: Martin Agnew, Ryan Serling & Joshua Yaris - Agnew | Serling Group - Marcus & Millichap
The successful transaction was facilitated by the buyer, Xu Wu, and Chee Tao Tsui, who acquired the development site from the seller, Ann Gasbarri. The seller was represented by Martin Agnew, Ryan Serling, and Joshua Yaris from the Agnew | Serling Group at Marcus & Millichap. With a prime location in Los Angeles, this development site presents enticing opportunities for future development.
Players
Los Angeles Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Ryan Rothstein-Serling to view all their deals.
Browse Los Angeles development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93